Defense
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Northrop Grumman

Explore Company

$NOC

🇺🇸

Specialist in stealth aircraft, strategic systems, and space. $41B FY2024 revenue. Lead contractor on B-21 Raider stealth bomber (production ramp 2025-2027), Sentinel ICBM (replaces Minuteman III; in Nunn-McCurdy breach review), GBI/NGI missile defense, James Webb successors. Strong space/satellite portfolio incl. classified imagery.

Key Milestones

Aug 1939
Milestone

Jack Northrop founds Northrop Aircraft in Hawthorne California; designs P-61 Black Widow night fighter and YB-49 flying wing. Grumman Aircraft (founded 1929 by Leroy Grumman) builds F4F Wildcat, F6F Hellcat, F-14 Tomcat.

Nov 1981
Launch

B-2 Spirit stealth bomber program (Advanced Technology Bomber) awarded to Northrop; flying-wing design draws directly on Jack Northrop's 1940s YB-49.

Jul 1989
Milestone

B-2 Spirit first flight at Palmdale CA Jul 17 1989; revolutionary stealth bomber; production initially planned 132 aircraft, capped at 21 post-Cold War.

Apr 1994
Milestone

Northrop acquires Grumman Aircraft for $2.1B forming Northrop Grumman; combines stealth/bomber expertise with carrier-aircraft heritage.

Nov 1997
Milestone

B-2 Spirit stealth bomber enters operational service with USAF; production capped at 21 aircraft

Apr 2001
Expansion

Northrop Grumman acquires Litton Industries for $5.1B then Newport News Shipbuilding $2.6B same year; vertically integrates electronics/shipbuilding. Newport News spun off as part of HII 2011.

Dec 2002
Expansion

Acquires TRW for $7.8B; major space + electronics expansion adding satellite buses, ICBM ground systems, missile defense.

Feb 2008
Paused

Wins KC-X aerial-refueling tanker contract (with EADS) over Boeing; protested and overturned 2008-2010; Boeing wins re-compete 2011 with KC-46.

Oct 2015
Launch

Wins Long Range Strike Bomber (LRSB) contract; future B-21 Raider, defeats Boeing/LMT team

Aug 2018
Expansion

Acquires Orbital ATK for $7.8B; adds solid-rocket motors, satellites, ammunition (now Northrop Grumman Space Systems)

Sep 2020
Launch

Wins Ground-Based Strategic Deterrent (Sentinel ICBM) EMD contract worth $13.3B sole-source after Boeing withdrew

Jul 2021
Launch

Selected as IBCS (Integrated Air & Missile Defense Battle Command System) prime; enters Army full-rate production 2024 — first true joint air-defense fire-control network.

Dec 2022
Launch

B-21 Raider unveiled at Palmdale ceremony Dec 2 2022; first new US bomber in 30+ years; production planned 100+ aircraft at $700M+ unit cost.

Apr 2023
Paused

Records $1.6B pre-tax charge on B-21 production-lot fixed-price contract; cost growth accepted to preserve program

Nov 2023
Milestone

B-21 Raider first flight at Edwards AFB Nov 10 2023; flight test campaign begins on schedule

Jan 2024
Paused

Sentinel ICBM declared in critical Nunn-McCurdy breach Jan 18 2024; cost grows from $96B to $131B+ (37% over baseline) due to launch facility/silo civil works underestimation.

Apr 2024
Launch

Wins Next Generation Interceptor (NGI) full development with $3.3B contract; replaces Boeing's GMD

Jul 2024
Paused

Pentagon certifies Sentinel program continuation post-Nunn-McCurdy Jul 8 2024; restructures schedule slipping to 2030+ IOC. Cost cap rebaselined ~$141B.

Sep 2025
Milestone

B-21 enters Low Rate Initial Production (LRIP); first operational delivery to Ellsworth AFB targeted 2026-2027

Nov 2025
Milestone

GBI replacement: NGI critical design review milestone reached; first deployable interceptors targeted 2028

Feb 2026
Milestone

Backlog reaches $90B; B-21 production ramp + Sentinel restructured EMD + IBCS allied sales drive growth.

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Defense - Northrop Grumman | Sterling